GMC Chart, page-12

From 21/03/2018 to 31/07/2018 - the market thinks GMC is fair-valued at a range between 0.011-0.012 (or around $30m MC). The price action from 01/08/2018 onwards seems to suggest that the market, "all of a sudden", is now comfortable with a range between 0.013-0.014, or roughly a $6m increase in MC (I'm not counting 0.014+ because they have yet to prove to be sustainable).

To be honest, GMC is not exactly a day-traders paradise due to its low liquidity and a not-so-exciting topic (Manganese, as compared to other hyped materials such as Li, Co, Sc, REE, even oil, these days)

Then it begs to question - what could be around the corner that triggered the market to re-assess GMC's intrinsic value? I don't have an answer. But previous announcement have suggested a few possibilities: a DSO agreement/licence (01/08/2018), positive change in the terms of facilities (01/08/2018), positive change in cash flow (23/07/2018: hint, the smelter installation is expected to be completed just on/before the option expiry date, 51,925,917 options @ $0.0196 @ 30/09/2018, 15,000,000 options @ $0.0496 @ 30/09/2018 , see the latest 3B)